STOCKHOLM, Sept 22 (Reuters) – Digital banking group NOBA has seen its initial public offering (IPO) on the Stockholm Stock Exchange oversubscribed multiple times, according to a bookrunner, signaling renewed investor confidence in European listings after a challenging period for the continent’s capital markets. NOBA announced on Friday that it had set the price for its IPO at 70 Swedish crowns per share, valuing the company at 35 billion crowns ($3.72 billion). The group expects its shares to begin trading on September 26, positioning the IPO as one of the largest European listings of the year. This move follows a…
Author: Team Beta
Advanced Micro Devices (AMD Stock) has spent 2025 transforming from a “credible challenger” to a serious contender in the AI chip arena. The company’s ambitious roadmap, aggressive product launches, and growing adoption among leading AI players have positioned AMD as a key player in the accelerating AI market. This year, AMD ramped up its accelerator lineup, with the MI325X heading into mass production and the MI350 scheduled for later in 2025. Beyond that, the company unveiled plans for a new AI server platform set for 2026. These moves signal AMD’s commitment to expanding its footprint in AI data centers and…
U.S. President Donald Trump’s sudden decision to raise the H-1B visa application fee to $100,000 has sent shockwaves through the global workforce landscape. Companies and economies worldwide are scrambling to assess the potential consequences of this unprecedented move. For some international talent hubs—particularly in Europe, the Middle East, and Asia—experts suggest this shift could create unique opportunities. The Trump administration framed the fee hike as part of a broader effort to protect American jobs. Effective immediately, companies must pay the six-figure fee to secure H-1B visas for highly skilled foreign workers entering the U.S. Historically, these visas have been a…
San Jose-based AppZen, an AI-first startup focused on finance teams, has raised $180 million in a Series D funding round, the company confirmed to Crunchbase News. Riverwood Capital led the growth investment and was the sole participant. With this latest round, AppZen has now raised a total of $290 million since its founding in 2012, according to CEO and co-founder Anant Kale. Previous investors include 500 Global, Lightspeed Venture Partners, Coatue, Bloomberg Beta, and Redpoint. Although AppZen did not disclose its new valuation, it confirmed the round represents an “up round.” For context, the company raised $50 million in a…
MADRID, Sept 22 (Reuters) – Spanish banking giant BBVA has increased its bid for smaller rival Sabadell by 10%, raising the offer to €17 billion ($19.95 billion). The move underscores BBVA’s ambition to become Spain’s second-largest bank by assets, despite ongoing regulatory and political challenges. BBVA first approached Sabadell in April 2024, aiming to consolidate its domestic presence after years of rapid international expansion. The initial approach quickly turned hostile, prompting scrutiny from regulators and the Spanish government. Concerns over potential job losses and systemic risks led to a months-long competition review, culminating in government-imposed restrictions preventing BBVA from fully…
Recent visa restrictions imposed by the Trump administration have intensified tensions between India and the United States, casting a shadow over ongoing trade discussions. The new policies, which target work and business visas, have sparked concern among Indian professionals, businesses, and policymakers, highlighting potential disruptions in the bilateral flow of talent and investment. With India being one of the largest sources of skilled workers in the U.S., these measures risk slowing key sectors like technology, healthcare, and research. As trade negotiations continue, this visa clampdown complicates efforts to strengthen economic ties, creating uncertainty for companies and investors on both sides.…
BERLIN, Sept 22 (Reuters) – Europe’s busiest airports faced significant disruptions in recent days after a ransomware attack targeted automated check-in systems, the European Union’s cybersecurity agency confirmed on Monday. The incident underscores the growing vulnerability of critical infrastructure to cyberattacks, with thousands of passengers affected and dozens of flights delayed or canceled. According to the EU Agency for Cybersecurity (ENISA), the attack involved malicious software designed to lock up data until a ransom is paid. While the agency did not disclose the origin of the ransomware, authorities have launched investigations, with law enforcement agencies actively involved. The affected systems…
Optus has come under intense scrutiny after admitting that a recent emergency call outage in Australia was caused by a departure from its established processes. The disruption, which temporarily prevented some customers from connecting to Triple Zero (000), raised serious concerns about the reliability of the nation’s telecommunications infrastructure. Emergency services and government officials have stressed the critical importance of maintaining consistent standards to protect public safety. Optus has acknowledged its shortcomings and pledged to strengthen its operational framework to prevent similar failures in the future. The incident highlights the vital role of strict compliance and risk management in safeguarding…
Gold Price rebounded from the $3,630 level on Friday and continues climbing on Monday, driven by cautious market sentiment and expectations of further Fed easing. The metal trades near $3,720, eyeing upside targets at $3,730 and $3,760. Market fundamentals remain supportive. European stocks opened lower amid ongoing tensions between Russia and Europe, while growing international opposition to Israel’s actions in Gaza adds to geopolitical uncertainty. Recent Price Action: Strong Recovery from $3,630 Gold Price bounced sharply from the $3,630 support area on Friday, confirming strong buyer interest at lower levels. By Monday, XAU/USD extended gains, signaling continued demand. Traders and…
European travelers are facing widespread flight delays as major airports across the continent grapple with the fallout from a significant cyber-attack. The incident, targeting the check-in and boarding software used by numerous airlines, has disrupted operations at several key hubs, including London Heathrow, Brussels, Dublin, and Berlin. Passengers have experienced longer wait times, flight cancellations, and manual processing at kiosks and bag-drop points, highlighting the heavy reliance on digital systems in modern aviation. The cyber-attack, identified as ransomware, affected Collins Aerospace, a global software provider and subsidiary of U.S. defense company RTX. As airports and airlines work to restore normal…